Solana DEX aggregator acquires Ultimate Wallet as part of mobile push

Solana DEX aggregator Jupiter announced Tuesday it has acquired the self-custody crypto wallet firm Ultimate Wallet as it aims to onboard millions more users with a mobile expansion.

Along with posting news of the acquisition to X, Jupiter said its "mobile initiative to onboard tens of millions of users is beginning" and will be "ready for beta in May."

Jupiter said that acquiring Ultimate Wallet fits into its mobile strategy. It's "one of the best DeFi mobile apps, and we’re going to leverage their technology and team to turbocharge Jupiter Mobile," the company said .

Ultimate Wallet also took to X to announce Jupiter is taking over.

"We’re excited to share that Ultimate and our mobile team has been acquired by Jupiter, Solana’s leading exchange," the company said, while providing details related to the sunsetting of the crypto wallet. "The current Ultimate app will be sunset on May 22nd 2024. Up until then, you may use the wallet as normal. Of course your funds are safe."